Tuesday, March 23, 2010

14 states file suit to stop obama care

This is interesting as they are not all red states, I think even Democratic governors at this point are faced with the very real pospect of bankruptcy over the medicaid shortfalls they are expecting. Unlike the federal government, the states cant just print money to offset deficit spending, the money has to come from somewhere, and the state coffers, with the exception of a few states like texas are already empty. Another option for the states is to invoke Article V of the constitution and force a constitutional convention, which is how Prohibition was repealed.
You would need state legislation in at least 2/3's of the states to force congress to hold the convention, and best of all ? The president has no role in the convention process ! So we won't have to see the chosen one babbling incessantly for once. I think that this is a real possibility because again, these governors can only play partisan politics to a point, they eventually need to face reality of suffer the very real consequences of insolvency.



http://www.bloomberg.com/apps/news?pid=20601087&sid=ajwSWE6H1kHM

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